UK set to grow less than expected this year as IMF revises forecasts down
Monday, 15 April 2024 The UK economy is going to grow less than expected this year - with the International Monetary Fund warning the country will remain the second worst performer in the G7.
Prime Minister Sir Keir Starmer talks with Managing Director of the International Monetary Fund, Kristalina Georgieva, before addressing world leaders at COP29 climate change conference.
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The chancellor has defended her Autumn Budget, calling it a "robust fiscal framework" that delivers "stability", despite an adverse market reaction that included a jump in the cost of government borrowing. Rachel Reeves adds that the International Monetary Fund has given her Budget "a clean bill of health". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The U.S. has announced a $500 million military aid package to support Ukraine’s defense against Russia’s ongoing aggression. This new assistance includes critical supplies like ammunition, drones, armor, and protective gear. It follows several previous aid announcements and reinforces the U.S.'s commitment to Ukraine's security amid the prolonged conflict. Additionally, the Treasury has transferred $20 billion as part of a G7 loan package to provide Ukraine with economic aid. Russia has responded with threats, warning against the use of U.S.-supplied weapons in Ukrainian attacks.
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